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REGISTERED NUMBER: 14251293 (England and Wales)















Unaudited Financial Statements

for the Period 22 July 2022 to 31 July 2023

for

Neil The Knit Limited

Neil The Knit Limited (Registered number: 14251293)






Contents of the Financial Statements
for the Period 22 July 2022 to 31 July 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Neil The Knit Limited

Company Information
for the Period 22 July 2022 to 31 July 2023







DIRECTOR: N K Morris





REGISTERED OFFICE: 3 Shaw Park
Oswestry
Shropshire
SY11 2EQ





REGISTERED NUMBER: 14251293 (England and Wales)






Neil The Knit Limited (Registered number: 14251293)

Abridged Balance Sheet
31 July 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 2,681
Tangible assets 5 7,515
10,196

CURRENT ASSETS
Stocks 58,286
Debtors 8,761
Cash at bank 49,809
116,856
CREDITORS
Amounts falling due within one year 83,870
NET CURRENT ASSETS 32,986
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,182

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 43,082
43,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Neil The Knit Limited (Registered number: 14251293)

Abridged Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 March 2024 and were signed by:





N K Morris - Director


Neil The Knit Limited (Registered number: 14251293)

Notes to the Financial Statements
for the Period 22 July 2022 to 31 July 2023

1. STATUTORY INFORMATION

Neil The Knit Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

Neil The Knit Limited (Registered number: 14251293)

Notes to the Financial Statements - continued
for the Period 22 July 2022 to 31 July 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 3,575
At 31 July 2023 3,575
AMORTISATION
Amortisation for period 894
At 31 July 2023 894
NET BOOK VALUE

At 31 July 2023 2,681

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 10,021
At 31 July 2023 10,021
DEPRECIATION
Charge for period 2,506
At 31 July 2023 2,506
NET BOOK VALUE
At 31 July 2023 7,515